InvestorsHub Logo
Followers 135
Posts 11731
Boards Moderated 0
Alias Born 08/29/2011

Re: scooter239 post# 23387

Tuesday, 09/06/2011 6:39:21 PM

Tuesday, September 06, 2011 6:39:21 PM

Post# of 67010
Thanks for the information Scooter...I purchased again last week and didn't have any issues with Etrade but I wasn't sure so I thought I would ask. I want to address the mill issue and the importance. After living around the area a while back I can assure you that 2 things are of utmost importance and they go hand in hand. We need more mining in the area and we need a working mill to process. Currently, even as we speak, the golden Wonder mine in Lake City is selling their ore rather than having to pay for the long haul to a mill site. I actually held some of their ore a few weeks ago. As soon as a mill opens in the area IMO you will see a surge in mine operations. I actually have 10 lode claims around the Cinnamon Pass area and I have received a few calls over the last few weeks. I am not at liberty to say from whom because it could mess up the deal. However, I do believe that the article in the Silverton paper may have been a catalyst for those calls. Logistics around the mill is crucial. Remember most of the hundreds of tunnels and shafts and drifts are accessible only by 4 wheel drive roads. In the Silverton area some of the old cable cars are still in place that were used to move the ore from the tunnels to the mill 100 years ago. But, IMO, to be able to not only mine the ore, but to process it also is an advantage in exponential form. I hope I'm not rambling so I will stop! I do want to remind everyone that the reason mining was stopped in the region was not because the ore wasn't there....but because the price of gold was too low to go in and get it....things are changing!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.